CMM.AX vs. GLDM
CMM.AX (Capricorn Metals Ltd) is a stock, while GLDM (SPDR Gold MiniShares Trust) is Gold fund tracking the LBMA Gold Price PM. Over the past 5 years, CMM.AX returned 44.65%/yr vs 18.34%/yr for GLDM. At a 0.06 correlation, their price movements are largely independent.
Performance
CMM.AX vs. GLDM - Performance Comparison
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Different Trading Currencies
CMM.AX is traded in AUD, while GLDM is traded in USD. To make them comparable, the GLDM values have been converted to AUD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CMM.AX achieves a -18.53% return, which is significantly lower than GLDM's -11.54% return.
CMM.AX
- 1D
- -0.21%
- 1M
- -12.31%
- 6M
- -23.78%
- YTD
- -18.53%
- 1Y
- 24.63%
- 3Y*
- 35.59%
- 5Y*
- 44.65%
- 10Y*
- 33.54%
- ALL TIME*
- 14.04%
GLDM
- 1D
- -0.55%
- 1M
- -4.84%
- 6M
- -16.62%
- YTD
- -11.54%
- 1Y
- 11.06%
- 3Y*
- 25.05%
- 5Y*
- 18.34%
- 10Y*
- —
- ALL TIME*
- 16.04%
CMM.AX vs. GLDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CMM.AX Capricorn Metals Ltd | -18.53% | 128.98% | 33.33% | 2.39% | 35.29% | 89.94% | 45.53% | 289.97% | 13.33% |
GLDM SPDR Gold MiniShares Trust | -11.54% | 52.28% | 39.87% | 13.13% | 6.11% | 1.62% | 14.11% | 18.65% | 6.67% |
Correlation
The correlation between CMM.AX and GLDM is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2018 | 0.06 |
The correlation between CMM.AX and GLDM shifts across timeframes, from 0.06 (5 years) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CMM.AX vs. GLDM — Risk / Return Rank
CMM.AX
GLDM
CMM.AX vs. GLDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Capricorn Metals Ltd (CMM.AX) and SPDR Gold MiniShares Trust (GLDM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CMM.AX | GLDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.11 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 0.43 | +0.21 |
| Martin ratioReturn relative to average drawdown | 1.71 | 0.99 | +0.72 |
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Drawdowns
CMM.AX vs. GLDM - Drawdown Comparison
The maximum CMM.AX drawdown since its inception was -96.07%, which is greater than GLDM's maximum drawdown of -25.70%. Use the drawdown chart below to compare losses from any high point for CMM.AX and GLDM.
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Drawdown Indicators
| CMM.AX | GLDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.07% | -25.70% | -70.37% |
Max Drawdown (1Y)Largest decline over 1 year | -41.37% | -25.70% | -15.67% |
Max Drawdown (3Y)Largest decline over 3 years | -41.37% | -25.70% | -15.67% |
Max Drawdown (5Y)Largest decline over 5 years | -44.54% | -25.70% | -18.84% |
Max Drawdown (10Y)Largest decline over 10 years | -71.43% | — | — |
Current DrawdownCurrent decline from peak | -27.01% | -25.28% | -1.73% |
Average DrawdownAverage peak-to-trough decline | -44.37% | -6.23% | -38.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.79% | 11.23% | +4.56% |
Volatility
CMM.AX vs. GLDM - Volatility Comparison
Capricorn Metals Ltd (CMM.AX) has a higher volatility of 15.53% compared to SPDR Gold MiniShares Trust (GLDM) at 5.45%. This indicates that CMM.AX's price experiences larger fluctuations and is considered to be riskier than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMM.AX | GLDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.53% | 5.45% | +10.08% |
Volatility (6M)Calculated over the trailing 6-month period | 44.28% | 20.73% | +23.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.05% | 24.66% | +29.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.98% | 16.54% | +30.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.82% | 15.67% | +43.15% |
Dividends
CMM.AX vs. GLDM - Dividend Comparison
Neither CMM.AX nor GLDM has paid dividends to shareholders.
Frequently Asked Questions
CMM.AX and GLDM have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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